| 来源类型 | Energy Comments |
| 规范类型 | 评论 |
| China – the ‘new normal’ | |
| Michal Meidan; Amrita Sen; Robert Campbell | |
| 发表日期 | 2015-02-16 |
| 出版年 | 2015 |
| 页码 | 6 |
| 语种 | 英语 |
| 概述 | Over the past decade, China has become a key driver of global oil demand growth. As China’s GDP growth increased at double-digit rates, oil demand growth increased by an average 0.5 mb/d between 2003 and 2012. Over the same period, China accounted for two-thirds of global oil demand growth. Thus, any changes in China’s energy […] |
| 摘要 | Over the past decade, China has become a key driver of global oil demand growth. As China’s GDP growth increased at double-digit rates, oil demand growth increased by an average 0.5 mb/d between 2003 and 2012. Over the same period, China accounted for two-thirds of global oil demand growth. Thus, any changes in China’s energy profile and oil consumption habits can send shock waves through the global oil markets. In 2014, Chinese oil demand increased by 0.27 mb/d (2.7 per cent), broadly on par with 2013’s growth and the slowest pace of expansion in the past two decades. The question is whether 2014 was a blip, or the beginning of a deeper change. In this report, it is argued that 2014 is a harbinger of things to come. As the government moves to rebalance the economy and implements an aggressive environmental agenda, oil consumption in China will become more efficient, leading to slower demand growth rates. Thus, any outsized expectations of Chinese oil demand growth are likely to be disappointed in 2015, and weigh on global crude prices. It is also argued that the structural shift in the Chinese economy heralds not only slower demand growth, but also a change in product demand patterns and the structure of the refining industry, with important implications for global trade flows of crude oil and related products. |
| 主题 | Country and Regional Studies ; Energy Policy ; Oil ; Oil & Middle East Programme |
| 关键词 | China crude and products trade flows diesel demand gasoline demand refining Strategic Petroleum Reserves (SPR) |
| URL | https://www.oxfordenergy.org/publications/china-the-new-normal/ |
| 来源智库 | Oxford Institute for Energy Studies (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312351 |
| 推荐引用方式 GB/T 7714 | Michal Meidan,Amrita Sen,Robert Campbell. China – the ‘new normal’. 2015. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| China-the-new-normal（996KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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